It is loosing its bullish strength and starts to look a little weak. EUR/NOK looks to be in a long term downtrend on the 4hr timeframe, which further confluence the heavy resistance it has right above. This also gives a clear area of demand waiting for it below to catch up a healthy trend.
Here's what I see for this pair. Looks like an attempt to come back down to the 11.32000 level.
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We have a potential Partial Rise at a 61.8% Retrace within an Ascending Broadening Wedge Pattern on the EURUSD with a Bearish PPO Confirmation Arrow. If we hit the Demand Line from here, it is very likely it will break down and hit the Measured Move Target down at 7.22
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hey guys hope you doing good. As we can see EURNOK MN demand is tested by the price and after all price just broke the descending TL on our entry time frames so its time to go long. Here we have got a very fine area to trade. Minimum we trade that as per its height. So good luck
Over extended needs a break.
After ending the bearish trend by printing last LH and LL Price goes in a range and left printing New Highs/Lows.
As the market is in non trending phase, we place buy stop and sell stop in order to enter in market when the market transition into the trending phase
EURNOK is currently moving Sideways , making Support & Resistance So taking Buy Stop & Sell Stop Entries
EURNOK is trend in range so we'll trade in that specific range to gain profit
📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉 Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with...
Short Euro vs Norwegian Krone based on a confluence of fundamental and technical factors.
You can clearly see it better in the daily chart. Price is fast approaching neckline which was a support and resistance line I had long put there before I noticed this pattern. It's not my style to risk a trade betting on the price going down to the neckline, but it seems pretty clean so... will give it a second thought. I will, however, short the pair if it...
Short Euro vs Norwegian Krone based on a confluence of fundamental and technical factors.
It has been in a TR for a while, so I want to look to short in the top of the range
Over 2600 pips from out the breakout range as mentioned last year! That’s more than 3x most can give u in a year yet alone 1 pair Gl No excuses
we had the acceleration that happened at the beginning of May and after that the price went back into the channel usually this is a sign that we will have at least a pullback remember that for every trade I start small and take action after, depending on the PA